Eletrobras

Centrais Elétricas Brasileiras S.A.

File:Eletrobras logo.png
Company type	Public (BM&F Bovespa: ELET3, ELET5, ELET6 / NYSE: EBR, EBR.B / Latibex: XELTO, XELTB)
Industry	Utilities
Founded	Rio de Janeiro, Brazil, 1962
Headquarters	Rio de Janeiro, Brazil
Revenue	R$ 30.0 billion (2008)
Net income	R$ 6.1 billion (2008)
Website	www.eletrobras.gov.br

Eletrobrás (BM&F Bovespa: ELET3, ELET5, ELET6 / NYSE: EBR, EBR.B / Latibex: XELTO, XELTB) is a major Brazilian power utility. It's also Latin America's biggest power utility company. It is currently expanding its operations in the continent, as well as in Africa. The company's full name is Centrais Elétricas Brasileiras S.A.. Eletrobrás holds stakes in a number of Brazilian electric companies, so that it generates and transmits approximately 60% of Brazil's electric supply. The company's generating capacity is about 45,000 MW, mostly in hydroelectric plants. The Brazilian Federal government owns 52% of the stock of Eletrobrás, which is traded on BM&F Bovespa. It is also traded on the New York Stock Exchange and on the Madrid Stock Exchange. The stock is part of the Ibovespa index.

The company's headquarters are located in Rio de Janeiro.

The Company

Created in 1962, Eletrobrás is the leader of a system consisting of six subsidiary companies, six distribution companies, the Electric Power Research Center (Cepel) and Eletrobrás Participações S.A. (Eletropar) and is also holder of 50% of the capital stock of Itaipu Binacional - the world's biggest hydroelectric company in power generation. Due to its size and scope of operations, Eletrobrás played - and continues to play - a key role in fostering economic and social development in Brazil.

Nowadays, Eletrobrás stands as the biggest company of the electric power sector in Latin America

External links

• The company's home page in Portuguese
• The company's home page in English